Save Article

Ex-Ferrofluidics CEO Convicted
Of Fraud for Boosting Share Price

a Wall Street Journal Staff Reporter

Updated Nov. 27, 1998 1:15 a.m. ET

NEW YORK -- The former chief executive of Ferrofluidics Corp. was convicted by a federal jury here of artificially inflating the company's stock price and collecting about $14 million from the sale of shares he controlled.

Ronald Moskowitz, 59 years old, of Nashua, N.H. and West Palm Beach, Fla., was found guilty of securities fraud and conspiracy on Tuesday. His attorney, Joseph Aronica, said he would appeal.